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Online banking remains a popular payment method for many casino members. The convenience of sending and receiving funds directly to your bank balance is great, but it comes with many caveats. Freemarket strives to simplify cross-border bank payments with its payment gateway, making it a perfect partner for online casinos.

The service is heavily tied to online banking, which makes it easy to use and more secure than most other payment methods. Players do not have to register a Freemarket account or do any additional setup. As long as your bank is available in the payment gateway, you can take advantage of it for casino transactions.

There are countless reasons to pick Freemarket over other banking options. Read on to see all the benefits of this payment method and decide if it’s right for you.

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About Freemarket

Freemarket is a UK-based company aiming to improve the cross-border payment capabilities of the country’s small and medium enterprises. Its payment gateway incorporates banks across the globe, allowing clients to send and receive funds in many different countries. Based on your region, Freemarket will either use SEPA or SWIFT to carry out payments. SEPA is faster but is only available for transactions within Europe.

Target Markets

While the service started in the UK, its support for countless countries and currencies has helped it expand in new markets. Freemarket is a global company accepting clients from over 100 countries. Different currencies are no issue for Freemarket, either! The service supports payments in 40+ currencies and allows businesses to exchange them at favorable rates.

Freemarket Account

One of the advantages of payment gateways is that you do not have to create an account. As long as you are registered with one of the supported banks, you are good to go.

Freemarket offers players to deposit at online casinos

Freemarket offers players to deposit at online casinos

How to Deposit with Freemarket?

Depositing money with Freemarket is simple and only takes a few moments. Log into your casino account and access the cashier page. Pick Freemarket among the list of payment methods and then start the deposit. The payment gateway opens in a separate window, from which you can select your bank. Sign in and review the transaction. If everything looks correct, approve the deposit. The funds will be transferred from your bank to your casino balance as soon as the transaction clears.

How to Withdraw with Freemarket?

Open the cashier page, select the withdrawals section, and find Freemarket listed there. The casino will prompt you to type in how much you will cash out before starting the withdrawal. From there, the process works similarly to depositing. You find your bank, log into your account, and confirm the cash out.

Transfer Times, Fees, and Security

Freemarket deposits are nearly instant, meaning minimal downtime between paying and playing. Meanwhile, withdrawal times vary based on your bank and how long it takes for the gambling site to process your cash-out request. Generally, you will have to wait one or two days before the funds appear in your bank balance.

Freemarket makes its money by imposing fees on businesses, not users. Because of that, you may deal with extra costs when adding or removing cash using the payment gateway.

The service supports two-factor authentication, providing an extra security layer for each transaction. The payment gateway also uses the same security protocols as banks, meaning no one can tamper with your deposits or withdrawals.